Trump hints that the Fed chair has been chosen, complaining that there is resistance to firing Powell.
TL;DR
Trump hinted at choosing the next Fed chair, claiming resistance to firing Jerome Powell. He mentioned a mix of surprising and conventional candidates, likely opting for the conventional choice.
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On November 19, Trump stated that he believed he had chosen his successor as the next Federal Reserve Chairman, while claiming that someone was preventing him from firing the current central bank leader, Jerome Powell. Trump told a reporter, "I think I know my choice." However, he did not specify who his choice was.
U.S. Treasury Secretary Bessant stated that he has narrowed down his contenders to current Federal Reserve Governors Waller and Bowman, former Federal Reserve Governor Warsh, White House National Economic Council Director Hassett, and BlackRock executive Riedel . Trump said, "We have some surprising names, and some conventional names that everyone's talking about. We'll probably go the conventional way. It's good to occasionally take the politically correct route." (Jinshi)